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BRIEF-China Merchants Land says unit entered into cooperation agreement with Guangzhou Dingjia Property
May 31, 2017 / 1:18 PM / 6 months ago

BRIEF-China Merchants Land says unit entered into cooperation agreement with Guangzhou Dingjia Property

May 31 (Reuters) - China Merchants Land Ltd:

* Foshan Merchants Property entered into cooperation agreement with Guangzhou Dingjia Property

* Foshan Merchants Property and Guangzhou Dingjia Property shall jointly develop Foshan land through project company

* Foshan Merchants Property to contribute an amount of rmb10 million in registered capital of project company

* Under cooperation agreement, Foshan Merchants Property shall reimburse 50 pct of said shareholder’s loan of RMB519 million

* Project company is foshan Dingtu Property Development Co., Ltd

* Guangzhou Dingjia Property had provided shareholder’s loan of RMB519 million to project co for first instalment of land consideration Source text for Eikon: Further company coverage:

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